If Kiner Company Issues 3,000 Ordinary Shares with a $5

question 101

Multiple Choice

If Kiner Company issues 3,000 ordinary shares with a $5 par value for $70,000, the account

• A)Share Capital-Ordinary will be credited for $15,000.
• B)Share Premium-Ordinary will be credited for $15,000.
• C)Share Premium-Ordinary will be credited for $70,000.
• D)Cash will be debited for $55,000.

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Definitions:

Bipolar Cells

Type of neuron found in the retina that acts as a critical relay between photoreceptors and ganglion cells, contributing to the preliminary processing of visual information.

Optic Nerve

A cranial nerve that transmits visual information from the retina to the brain.

Ganglion Cells

Retinal neurons that gather visual data from photoreceptors and relay it through the optic nerve to the brain.

Wavelength

Wavelength is the distance between successive peaks of a wave, such as sound waves or electromagnetic waves, often determining its nature and properties.